Vanguard Group Inc. Has $17.02 Million Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Vanguard Group Inc. lessened its position in Playa Hotels & Resorts (NASDAQ:PLYA) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,350,377 shares of the company’s stock after selling 82,254 shares during the quarter. Vanguard Group Inc.’s holdings in Playa Hotels & Resorts were worth $17,017,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Playa Hotels & Resorts by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 524,376 shares of the company’s stock worth $4,536,000 after acquiring an additional 166,474 shares in the last quarter. Bank of Montreal Can acquired a new stake in Playa Hotels & Resorts in the 1st quarter valued at $3,705,000. Dimensional Fund Advisors LP lifted its position in Playa Hotels & Resorts by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,280,937 shares of the company’s stock worth $19,732,000 after buying an additional 170,730 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of Playa Hotels & Resorts during the 1st quarter worth about $447,000. Finally, Bridgefront Capital LLC bought a new position in shares of Playa Hotels & Resorts in the 1st quarter valued at about $99,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Ryan Paul Hymel sold 104,425 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $8.04, for a total value of $839,577.00. Following the completion of the sale, the chief financial officer now directly owns 698,146 shares of the company’s stock, valued at $5,613,093.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Playa Hotels & Resorts news, CFO Ryan Paul Hymel sold 104,425 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $8.04, for a total value of $839,577.00. Following the transaction, the chief financial officer now directly owns 698,146 shares in the company, valued at $5,613,093.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tracy M. J. Colden sold 44,480 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $8.04, for a total transaction of $357,619.20. Following the completion of the transaction, the executive vice president now directly owns 327,742 shares in the company, valued at $2,635,045.68. The disclosure for this sale can be found here. Insiders have sold a total of 352,999 shares of company stock valued at $2,912,377 over the last 90 days. 7.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Truist Financial upped their target price on Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th.

Playa Hotels & Resorts Price Performance

Shares of PLYA opened at $9.26 on Monday. The company has a current ratio of 2.00, a quick ratio of 1.91 and a debt-to-equity ratio of 1.91. The company’s fifty day simple moving average is $9.24 and its 200 day simple moving average is $8.27. Playa Hotels & Resorts has a 1-year low of $6.88 and a 1-year high of $9.84. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 6.86 and a beta of 1.53.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.04 EPS for the quarter. The company had revenue of $242.52 million during the quarter, compared to the consensus estimate of $221.68 million. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. On average, research analysts forecast that Playa Hotels & Resorts will post 0.39 earnings per share for the current fiscal year.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.